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Thanks Tlgerwoody Barclays holding on to the money .
Hi has anyone received their funds from the sales of the shares or knows when we will get paid? Thanks
Nov 29 (Reuters) - Iluka Resources Ltd said on Tuesday it may call off a planned 215 million-pound ($267 million) takeover of Sierra Rutile Ltd after raising concerns about its mine tailings dams. Iluka said it had notified Sierra Rutile that a "material adverse change condition" of their merger agreement had been triggered "due to geotechnical risks of SRL's tailings dams" and was in discussions to extend the Wednesday deadline for the deal. If the companies fail to agree to extend the deadline within five business days after Wednesday, then either side may terminate the merger agreement, Iluka said in a statement to the Australian stock exchange.
This will allow the share holders to see the H1 and Q3 results.
http://awoko.org/2016/08/08/sierra-leone-news-sierra-leone-government-to-get-over-50-million-from-sierra-rutile-acquisition/ Who is going to pay the capital gains tax bill?
http://awoko.org/2016/08/08/sierra-leone-news-sierra-rutile-workers-scared-over-proposed-sale/ Looks like the deal is not going through as smoothly as Iluka thought!
Pala would be crazy to accept but if they did, no way board could recommend this level
With the environmental changes in China, they can't use the low grade product of the past and have to move to chlorine process . If he can break in to the biggest pigment producing country in the world then I don't care which hotel he stays in.
Very interesting tweet . https://t.co/NOs98oHJYV
Watching with a big smile, 12.1% as well. Here comes the buy out or dividend!!
It wont let me post the link please check the advfn site.
add, ********************** to the stars.
Morning all from the ADVFN thread. https://www.**********************/sierra-rutile-c-2-p-327
http://seekingalpha.com/article/3962959-will-double-position-sierra-rutile-week
Mon, 1st February 2016 - 14:30 Numis today initiates coverage of Sierra Rutile Ltd (LON:SRX) with a buy investment rating and price target of 35p.
http://www.ft.com/cms/s/0/747c300e-9374-11e5-bd82-c1fb87bef7af.html#axzz3t3ixwi25
daramuda thank you for your post.
If Pala are not intending to take over completely then it makes no sense for them to keep on buying the free stock. Surely they would need a seller into the market to get some price movement or maybe they are waiting to the announcement of a dividend. We will ust have to wait!
Hi Daramuda, just asked the same on advfn. Why do we need three brokers?